Hospitality startup Oyo’s early investors, such as Lightspeed Venture Partners, are in talks with family offices to divest a portion of their stake at a valuation of around $3.9 billion, sources told us. This stake sale is at a premium of more than 60% to the Rs 1,457 crore funding round in August 2024 when top family offices invested in the now profitable hospitality startup.
Punjab & Sind Bank shares soar 12% as Q3 PAT jumps 147% YoY; NII surges by 27%
Punjab & Sind Bank posted a robust 74.73% YoY growth in operating profit, reaching Rs 484 crore in Q3 FY25, up from Rs 277 crore